Located in the state of Kentucky, Georgetown is a moderately-sized city with a population of 31,708 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (86% White). Given that fact, Georgetown could be considered less diverse than other cities. Georgetown could be a great place for young adults and students as the average age of 32 years old is below the nation’s average. If finding a family friendly city is important to you, look no further. With more than 74% of the population considered married and 52% with kids under the age of 18, Georgetown could be considered a very suitable city for families.
Whether you’re moving to a new town to be closer to family, friends or for a new job, living in Georgetown could be a positive experience compared to other cities in Kentucky if you know where to look. The best areas in Georgetown and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, cost of living, weather, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Kentucky and national averages.
With a livability score of 77/100, Georgetown is ranked #3,420 in the United States and #121 in Kentucky. This is a terrific score, as Georgetown ranks well in multiple categories! There are seven total categories that create the livability score. Georgetown ranks well for amenities (A+), crime (B-), cost of living (B-) and education (C+). There is at least one category that you should be aware of in Georgetown. The following was graded with a discouraging score: housing (D).
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Georgetown on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Georgetown has a violent crime rate of 187 crimes per 100,000 residents which is far lower than the national average.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Georgetown is actually affordable. Median real estate prices in Georgetown come in at $151,700, which is 20.3% higher than the Kentucky average. The home price to income ratio compares the median home prices to the median household income. In Georgetown, the home price to income ratio is 2.5, which is 10.7% lower than the Kentucky average. Year over year appreciation rates for homes in the Georgetown area were 6% and the 5 year appreciation rates came in at 3.7%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.
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